How much was a Nation's capital stock valued at at year end?
A nation's capital stock was valued at $500 billion at the start of the year and $575 billion at the end. Consumption of private fixed capital in the year was $35 billion. Assuming stable prices, net investment was ________. A) $35 billion B) $40 billion
How much is the capital stock of the United States?
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private fixed capital in the year was $25 billion.
What is physical capital in economics?
Physical capital is A) the factories and machinery used to produce other goods and services. B) the talents, training, and education of workers. C) the financial resources available for investment.
What is the principle of diminishing returns to capital?
A) the factories and machinery used to produce other goods and services. The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, then the greater the amount of capital in use the A) less production is wasted.
What does "c" mean in GDP?
C) an amount less than GDP for that year
What is resources in economics?
A) resources (land, labor, capital, and entrepreneurship) in an economy in a given year
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